Fairfax Shares Rise During Bidding War

Fairfax’ shares have risen by 6.9 per-cent, taking them to a six-year high, after receiving competing bids for the company. The competing bids come from Australian telecommunications company TPG and US private equity company Hellman & Friedman. Hellman & Friedman are an established media investment company located in both New York City and San Francisco.…

Cable news star Bill O’Reilly axed from Fox News

Fox News and parent company 21st Century Fox have announced that their highest rating news commentator and anchor, Bill O’Reilly will not be returning to the network. The decision follows ongoing allegations of sexual harassment and verbal abuse by five women, which have resulted in Fox News paying over $13 million in legal settlements to…